RAYTHEON CO. ($ MILLIONS)
Total assets* 7,940
Defined benefit 4,822
Total defined contribution 3,118
*P&I estimate
LEXINGTON, Mass. - As of June 30, P&I estimates the employee benefit assets of Raytheon Co. totaled $7.94 billion. The estimate is based on the $4.086 billion in defined benefit assets and $2.532 billion in defined contribution assets the company reported as of June 30, 1995.
Key personnel overseeing the investment management of the fund are Herbert Deitcher, senior vice president and treasurer; Steven S. DeMeo, senior benefits financing specialist; and Abu Marikar, manager-employee benefits financing.
Employee Retirement
System of Rhode Island
($ millions)
Total assets 4,469
Defined benefit 4,469
Employer DB contributions 240
Benefit payments 230
Internally managed assets:
Defined benefit 10
Defined benefit asset mix:
Stocks 48.3%
Fixed income 38.0%
Cash equivalents 0.2%
Real estate equity 3.3%
Other 10.2%
PROVIDENCE, R.I. - As of Sept. 30, the Employee Retirement System of Rhode Island's total employee benefit assets, all defined benefit, increased 11.6% from a year earlier.
Employer contributions to the defined benefit plan increased 269%; benefits paid decreased 5.7%.
Defined benefit managers:
Domestic equities: Fleet; Bankers Trust; Provident; Brinson Partners; MacKay-Shields.
International equities: Alliance; Schroder; Scudder.
Domestic fixed-income: Fleet; Fidelity; Brown Brothers; Taplin; Loomis.
Real estate: Heitman; L&B; Aetna; Phoenix.
Other: Crossroads.
The master trustee, master custodian and global custodian is State Street.
Key personnel overseeing the investment management of the fund are Nancy Mayer, general treasurer; and James Thorsen, deputy general treasurer.
R.J.R. Nabisco Inc.
($ millions)
Total assets 4,687
Defined benefit 3,038
Total defined contribution 1,649
401(k) 1,609
Employer DB contributions 80
Benefit payments 240
Total DC contributions 115
The fund uses:
Stock options
Bond options
Stock index futures
Fixed-income futures
Short selling
Managed futures
Swaps
Defined benefit asset mix:
Stocks 45%
Fixed income 45%
Cash equivalents 1%
Real estate equity 1%
Other 8%
Defined contribution asset mix:
Company stock 14%
Other stock 45%
Fixed income 13%
GICs/BICs 28%
NEW YORK - As of Sept. 30, R.J.R. Nabisco Inc.'s total employee benefit assets increased 6.4% from a year earlier. Defined benefit assets increased 6% during the same period; defined contribution assets increased 7%.
Employer contributions to the defined benefit plan remained zero; benefits paid increased 14%.
Defined benefit managers:
Domestic equities: GMO; Rosenberg; Alliance; Jennison; Wellington; INTECH.
International equities: Acadian, GMO.
Domestic fixed-income: PIMCO; Lincoln; J.P. Morgan; SAW; Western; Metropolitan West; OakTree; BEA.
International fixed-income: BEA.
Other managers: Calamos.
Defined contribution managers:
Domestic equities: Vanguard.
International equities: Vanguard.
Domestic fixed-income: Barclays Global; Fidelity.
Real estate: Equitable.
Life cycle: Vanguard.
The master trustee is Wachovia.
Key personnel overseeing the investment management of the defined benefit and defined contribution plans are John W. MacMurray, vice president, pension and benefit investments, and Ed Robertiello, director, pension and benefit investments.
Rockwell International Corp.
($ millions)
Total assets* 8,371
Defined benefit 4,799
Total defined contribution 3,572
*P&I estimate
PITTSBURGH - As of Sept. 30, P&I estimates the employee benefit assets of Rockwell International Corp. totaled $8.3 billion. The estimate is based on the $10.2 billion the company reported as of Dec. 31, 1995 and includes the 25% of assets it sold to Boeing in 1996.
Key personnel overseeing the investment management of the fund are Lee H. Cramer, vice president and treasurer; R. Scott Mechling, manager, pension assets and treasury administration; and Barbara K. Zimmt, manager pension asset management.
San Francisco City & County
Employee's Retirement
System
($ millions)
Total assets 8,001
Defined benefit 7,590
457 411
Employer DB contributions 20
Benefit payments 285
Total DC contributions 0
Internally managed assets:
Defined benefit 2,720
The fund uses:
Stock index futures
Fixed-income futures
Defined benefit asset mix:
Stocks 47.6%
Fixed income 35.7%
Cash equivalents 0.4%
Real estate equity 7.0%
Mortgages 4.7%
Other 4.6%
Defined contribution asset mix:
Stock 11%
Fixed income 3%
GICs/BICs 42%
Other 44%
SAN FRANCISCO - As of Sept. 30, the San Francisco City & County Employees' Retirement System's total employee benefit assets increased 9% from a year earlier. Defined benefit assets increased 9% during the same period; defined contribution assets increased 17%.
Employer contributions to the defined benefit plan decreased 80%; benefits paid were unchanged.
Defined benefit managers:
Domestic equities: Ark; DFA; Dietche & Field; Dreyfus; McCullough; Nicholas-Applegate; Provident; RCM.
International equities: Capital Guardian; Edinburgh; Oechsle; Pictet; Capital Investment.
Domestic fixed-income: AEW; AFL-CIO; Schroder; Scudder; TCW.
International fixed-income: Brinson; Mercury; GMO.
Defined contribution managers:
Domestic equities: Hartford; Fidelity; Twentieth Century.
International equities: Hartford; Fidelity.
Domestic fixed-income: Hartford.
Balanced: Twentieth Century; Fidelity.
The master custodian and global custodian is Northern Trust Co.
Key personnel overseeing the investment management of the fund are Carolyn Hamilton, chief investment officer; Gary Hyatt, manager-alternative and real estate; and Dick Piket, manager-fixed income. Overseeing the defined contribution plan is Clare Murphy, chief executive officer.
